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VanEck Gold Miners Equity ETF Newsroom
Gold Posts Biggest Two-day Drop Since August 2021; Silver Slumps to YTD Low
Newmont Analyst Ratings
Anglogold Ashanti Analyst Ratings
Shares of Precious Metals Stocks Are Trading Lower as Markets React to President Trump's Announcement of Sweeping Tariffs.
Silver and New York gold experienced a major shock as Trump's tariff exemptions concluded 80 billion dollars "Precious Metals migration."
In the past few months, due to concerns among traders about how Precious Metals would be affected by tariffs, New York futures Gold experienced a significant premium over benchmark prices, stimulating large-scale arbitrage trading. As Gold, Silver, Platinum, and Palladium were exempt from tariffs, the arbitrage trading reversed, leading to a rapid and significant narrowing of the price difference between New York futures Gold and spot Gold, while the Silver market experienced a sharp decline in the "physical delivery price difference."
Gold Futures Close Lower Amid Price Correction, Tracking Comex Performance And US Tariff Exemption
Trump Tariffs: India's Jewellery Exports Set for Sharp Decline; Gold Prices Ease From Record Highs
The Prime Minister of Australia responded to Trump's tariffs: there will be no equal countermeasures, and negotiations for exemptions will be sought.
① Australian Prime Minister Albanese criticized USA President Trump for imposing a 10% tariff on allies, stating that such actions are not what friends do, and indicated that Australia will not impose equivalent tariffs on the USA; ② The Australian government will seek to negotiate with the USA in hopes that Trump will lift the tariffs on Australia.
Gold Surges to Record High Amid Trump's Escalating Tariff Policies
The tariff storm from Trump has arrived! The Asia-Pacific stock markets have collectively plummeted, and Gold has reached a new historical high.
① The USA President Trump announced the imposition of high reciprocal tariffs on more than 180 countries and regions globally, causing turmoil in the Asia-Pacific markets; ② Asia-Pacific stock markets collectively plummeted, with significant declines in the Equity Indexes of Australia, Japan, and South Korea, and Gold prices hitting a new high; ③ All USA Equity Index futures plummeted, causing a collective drop of the "Seven Giants" in the US stock market after hours, with investor sentiment becoming increasingly pessimistic.
Gold Futures Keep Climbing -- WSJ
Express News | Spot Gold Hits Record High at $3,160.52/Oz
Gold Gains After-hours as Trump's Reciprocal Tariffs Add to Haven Demand
SPX Nosedives 4.5%: Can ETFs Like SPY Weather The Market Storm?
Gold Touches Another Record High Ahead of Fresh U.S. Tariffs
Gold at Risk as US Dollar Defense Could Trigger Reserve Selling
At the time of new highs in Copper prices, USA mining giants are betting on new technologies in an attempt to extract "gold" from old mining areas.
As copper prices soar, USA mining giants are betting on a technology aimed at extracting low-grade copper from waste piles to meet the growing Global demand.
Gold prices continue to soar, and multiple banks have once again raised the minimum purchase point for accumulated gold, with China Everbright Bank raising the threshold to 1,000 yuan.
① China Everbright Bank has adjusted the minimum investment amount for Gold accumulation personal business from 700 yuan to 1000 yuan, an increase of nearly 43%; ② Recently, multiple banks have raised the minimum investment amount for Gold accumulation business, with the adjusted amount now often around 800 yuan; ③ Several banks have stated that they are continuously monitoring changes in the Gold market and will adjust the minimum investment amount for Gold accumulation business as appropriate in the future.
As the risk-averse trend sweeps the Global market, if feeling "fearful of heights" regarding Gold, it might be wise to focus on this risk-averse MMF.
Goldman Sachs strongly recommends the yen as the new "king of safe havens": one of the best safe-haven Assets under the risks of a USA recession and tariffs.
Will gold prices reach 3500 dollars this year? Analysts at UBS Group believe it is unlikely.
① In the first quarter of this year, Gold prices rose strongly, surpassing $3,100; ② Wall Street has raised its expectations for this year's Gold Target Price, with optimists even predicting that Gold prices could soar to $3,500 in the third quarter; ③ UBS Group stated that multiple factors supported the rise in Gold prices, but stronger catalysts are still needed to reach the $3,500 target.